Mumbai: National carrier Air India has deferred by a fortnight payment of productivity-link incentives (PLI) and flying allowance to over 29,000 employees citing cash crunch.
While the salaries will be disbursed on November 1 in view of Diwali festival, PLI and flying allowances would be paid on November 15, according to a staff notice issued by the airline management.
The reason given for the delay in paying the allowances and PLI is primarily cash crunch caused by month-end rollover payments including those for aircraft acquisition.
On an average, PLI/Flying allowance comprises almost 50-60 per cent of the employees’ pay package, union sources said.
“This is for the sixth time in the last eight months that the company has failed to keep its commitment signed with the Indian Commercial Pilots Association on November 30 last year,” they said.